Got the scoop: Increasing dairy, sugar and sweetener consumption have boosted revenue

Operators in the Ice Cream Stores industry serve dessert-craving customers a range of frozen treats, including ice cream, gelato and sorbet, as well as variety of toppings, ranging from crushed candies to flavored syrups. Driven by growth in per capita disposable income, as well as increases in both per capita sugar and sweetener consumption and per capita dairy consumption, ice cream shops have experienced strong growth over the five years to 2018. Ice cream shop operators are expected to experience continued revenue growth over the five years to 2023...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
2.9%
Forecast Growth 18-23
Profit
Employment
128,150
Businesses
15,140

Industry Threats & Opportunities

  • Since both ice cream and gelato are often high in sugar and fat, health-conscious consumers are choosing healthier desserts
  • Many operators are beginning to offer their customers nonmilk-based products
  • Ice cream and gelato are high in both saturated fat and added sugar
  • Industry Report - Industry Analysis Chapter

    Ice cream stores serve up gelato, sorbet and both hard and soft serve ice cream treats for their customers. Over the five years to 2018, industry operators have experienced stable growth across the board. Increasing levels of per capita disposable income and consumer spending have contributed to this industry’s consistent growth. Moreover, although jumps during the period in the price of milk, a key ingredient in the production of both ice cream and gelato, have hindered profit margins during the period, operators have increased their prices to keep up with rising purchase costs, further benefiting industry revenue. However, ice cream shops have experience increased competition during the period. Con...purchase to read more.

    Additional Insights for the Ice Cream Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ice Cream Stores Industry are

  • Production of premium goods/services
  • Guaranteed supply of key inputs
  • Access to the necessary amount of land/type of property
  • IBISWorld analysts also discuss how external factors such as Per capita dairy consumption and Per capita disposable income in the Ice Cream Stores industry impact industry performance..

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    What's in this report

    What is the Ice Cream Stores Industry?

    This industry is comprised of establishments that prepare or serve ice cream, ice cream treats, sorbet and gelato. Purchases may be consumed on-site, taken out or delivered. Ice cream is made from dairy products or dairy alternatives, such as soy milk. Gelato generally has a lower butterfat content than ice cream, while sorbet is a sweetened water that is flavored with fruit. Most stores offer ice cream, ice cream treats and ice cream with toppings.

    Industry Products
  • Packaged ice cream
  • Ice cream served over a counter
  • Beverages served over a counter
  • Ice cream and beverages served through a drive-through
  • Ice cream and beverages served through walk-up windows, delivery and
  • Industry Activities
  • Selling hard and soft-serve ice cream
  • Selling sorbet
  • Selling novelty ice cream treats
  • Selling gelato
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita dairy consumption
  • Per capita disposable income
  • Per capita sugar and sweetener consumption
  • Healthy eating index
  • Price of milk

  • Current Performance
  • Definite demand for desserts
  • Health consciousness and competition
  • The industry’s growing footprint
  • Chart: Revenue Growth

  • Industry Outlook
  • Resisting changing consumer preferences
  • Intensified competition
  • Industry landscape
  • Table: Ice Cream Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ice Cream Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Ice Cream Production
  • Refrigeration Equipment Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling

  • Products & Services
  • Ice cream served over a counter
  • Ice cream and beverages served through walk-up windows, delivery and
  • Ice cream and beverages served through a drive-through
  • Packaged ice cream
  • Beverages served over a counter
  • Other
  • Chart: Ice Cream Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Children and adolescents
  • Adults ages 20 to 49
  • Adults ages 50 to 64
  • Adults aged 65 and older
  • Chart: Major Market Segmentation for the Ice Cream Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Ice Cream Stores

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ice Cream Stores Industry

  • Industry Globalization
    Berkshire Hathaway Inc., Dunkin' Brands Inc., Cold Stone Creamery,
  • Table: Berkshire Hathaway Inc. - financial performance
  • Table: Dunkin' Brands Inc. - financial performance
  • Table: Cold Stone Creamery - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ice Cream Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Ice Cream Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Batch Freezer
  • A batch freezer is a piece of equipment used to simultaneously freeze and whip a liquid base to create a desired consistency.
  • Homogenization
  • Homogenization is the process of creating a mixture of two mutually non-soluble liquids. This is done to prevent the separation of cream from the milk.
  • Pastreurization
  • Pasteurization is the process of heating food to specific temperatures before immediately cooling it to reduce pathogens.
  • Premium Ice Cream
  • Premium ice cream typically includes more butterfat and has additional air churned through it during the production process.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Ice Cream Stores can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Ice Cream Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Ice Cream Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Ice Cream Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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